RVW Wealth LLC Increases Position in iShares U.S. Technology ETF $IYW

RVW Wealth LLC raised its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,891 shares of the exchange traded fund’s stock after acquiring an additional 15,114 shares during the quarter. iShares U.S. Technology ETF makes up approximately 1.8% of RVW Wealth LLC’s holdings, making the stock its 18th largest position. RVW Wealth LLC owned 0.10% of iShares U.S. Technology ETF worth $27,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IYW. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Technology ETF by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after buying an additional 1,031,871 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after acquiring an additional 31,952 shares in the last quarter. Hsbc Holdings PLC lifted its position in iShares U.S. Technology ETF by 10.3% during the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after acquiring an additional 91,338 shares during the period. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at about $200,579,000. Finally, Kestra Advisory Services LLC lifted its position in iShares U.S. Technology ETF by 11.0% during the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock valued at $89,868,000 after acquiring an additional 48,940 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW traded up $0.96 during mid-day trading on Tuesday, hitting $272.59. 639,213 shares of the company’s stock were exchanged, compared to its average volume of 1,084,468. The company has a market cap of $27.31 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $274.44. The business has a fifty day moving average price of $252.99 and a 200 day moving average price of $236.56.

About iShares U.S. Technology ETF

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.